Wednesday, July 17, 2024 | Baltimore, MD

Baltimore could face $100 million ‘structural deficit’ next year. Here’s what that means.

November 17, 2023

Budget advisers are warning that Baltimore could face a $100 million shortfall or worse next year — a financial position one official this week called among the most “precarious” he’s seen over his time with the city. The projection comes as escalated state dues for schools have put a squeeze on Baltimore’s budget sooner than city leaders anticipated, forcing the city to dip into $30 million of one-time funding just to pass a balanced budget in June.

Article Source: The Baltimore Banner

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.